Manycore Tech jumped on Monday and continued its upward momentum on Friday, with shares climbing 29% to HK$12.40 at the time of writing.

According to announcements from the Shanghai and Shenzhen stock exchanges, MANYCORE TECH has been officially added to the list of eligible securities under the Stock Connect program, effective today (September 7). This move now allows mainland Chinese investors to directly buy and sell shares of MANYCORE TECH through the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connect channels, formally unlocking southbound capital flows into the stock.

As the first listed company globally to focus on spatial intelligence, MANYCORE TECH holds a unique and scarce position within the Hong Kong market. In the first half of this year, the company reported an adjusted net profit of RMB 55.42 million, representing a year-on-year surge of 211% and approaching the full-year profitability levels achieved in the previous year.

On the business front, spatial intelligence has evolved into the core capability foundation supporting the company's entire product suite, driving a revenue increase of over 177% year-on-year from new AI applications and products.

At the model level, MANYCORE TECH has developed a comprehensive technology stack that includes the world generation model SpatialGen, the 3D generation model Lux3D, and the spatial language model SpatialLM. Together, these models enable AI systems to understand, reason about, and generate outputs within the physical world.